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$315,000
Monthly Est:$1,568
8 Beds
- 4 Baths
3,200sqft
508 Tennessee St NE, Albuquerque, NM 87108
$315,000
$1,568/moEst:
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Quadruplex
Built in 1978
$-- HOA
13,068 sqft lot
$98/sq.ft
Description
**SELLER FINANCING OPPORTUNITY AVAILABLE!** Property is being sold as-is, with no repairs to be made by seller **Excellent investment opportunity with this 4-unit multifamily property in Albuquerque! Each unit offers approximately **800 square feet with 2 bedrooms and 1 bathroom**, providing a total of **8 bedrooms and 4 bathrooms** across the property.Previously fully rented for the past several years, this property offers flexibility for the next owner. **Update and improve the units to maximize future rental potential, or prepare them for tenants with minimal turnaround.** The established multifamily configuration makes this a great opportunity for investors looking to add doors to their portfolio.This property is prime for renovation and ready for some TLC as it is being sold as-is condition. Whether you're looking to customize a home to fit your lifestyle, build equity through improvements, or take on your next investment project, there is plenty of potential here. An FHA/Conventional/VA 203(k) renovation loan may also be an option for qualified buyers, subject to lender, property, and program requirements. (Partner lender has program designed for this house as well as incentive to buyer!)With **seller financing available**, buyers may have additional flexibility when structuring their purchase. Whether you're looking for your next value-add project or a multifamily rental opportunity, 508 Tennessee St SE is ready for its next chapter!**Buyer to do own due diligence on sqft and condition as seller never lived at the property and rented it out through another company for length of ownership.
- Houzeo last checked: 12 hours ago
- Listing updated: October 4, 2026 at 5:42 pm
- Listing Provided by: K2 Omni Group (505) 750-2837 DRE #50525, 20817, Kristina Salcido (505) 227-8742 DRE #20817 | EXP Realty, LLC (505) 750-2837
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1111950

Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1978
HOA Fees
-
Finished Area
3,200 sqft
Lot Size
13,068 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1111950
MLS Status
Pending
Days on Market
1
Cumulative Days on Market
1

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Flooring
Tile
Cooling
Evaporative Cooling
Heating
Central, Forced Air
Appliances
Refrigerator
Construction
Year Built
Year Built: 1978
Home type
Quadruplex
Construction Materials
Frame, Stucco
Property Condition
Resale
Utilities & Energy
Security Features
Security Gate
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Community Features
Storage Facilities
Tenant Pays
Other, See Remarks
Disclosures
Lead Based Paint Disclosure, Ranm2100disclosure
Price History
| Date | Event | Price |
|---|---|---|
10/04/2026 Source: | Pending | $315,000 $98/sqft |
10/03/2026 Source: | Listed for Sale | $315,000 +126.62% $98/sqft |
12/05/2012 Source: | Sold | $139,000 $43/sqft |
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Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 02, 2026, 09:00AM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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